Bond yields plunge after Treasury announces surprise move to ease rising rates

Longer-term U.S. Treasury yields have dropped sharply following a surprise announcement from the Treasury Department to double its government debt repurchases. The 30-year bond yield fell from 5.26% to 5.18%, while the 10-year yield decreased from 4.68% to 4.64%. Experts remain cautious about the long-term effects of this strategy.

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